POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 64E - Approval from the holders and No-Objection Letter from the Debenture Trustee
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter VIA FRAMEWORK FOR VOLUNTARY DELISTING OF NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES AND OBLIGATIONS OF THE LISTED ENTITY ON SUCH DELISTING
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Approval from holders required for delisting non-convertible securities; debenture trustee no-objection letter also mandatory. The listed entity must obtain approval from all holders of non-convertible debt securities or non-convertible redeemable preference shares within a ... Summary
Approval from holders required for delisting non-convertible securities; debenture trustee no-objection letter also mandatory.
The listed entity must obtain approval from all holders of non-convertible debt securities or non-convertible redeemable preference shares within a prescribed short window from the delisting notice, and must obtain a No-Objection Letter from the debenture trustee for delisting of non-convertible debt securities, making holder consent and trustee clearance mandatory prerequisites to voluntary delisting.
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